If an Ordinary Share Investment Is Sold at a Gain

question 68

Multiple Choice

If an ordinary share investment is sold at a gain, the gain

• A) is reported as operating revenue.
• B) is reported under a special section, "Discontinued investments," on the income statement.
• C) is reported in the Other income and expense section of the income statement.
• D) contributes to gross profit on the income statement.

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